DETROIT SUBURB FACING POTENTIAL BANKRUPTCY
NOVEMBER 26, 2010 Harbinger in Hamtramck The bankruptcy lesson from a Detroit suburb. More bad news out of Michigan: Facing a $3 million deficit on its $18 million budget, the Detroit suburb of Hamtramck is seeking permission to file bankruptcy. Other towns may not be far behind. Hamtramck suffers from high unemployment and falling income, […]
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